Russian stocks grow backed by optimism on foreign floors

MOSCOW, Nov 5 (PRIME) -- Russian stocks closed higher on Thursday backed by optimism on foreign stock exchanges, analysts said.

The MOEX Russia Index grew 2.69% to 2,861.39 and the RTS jumped 5.65% to 1,170.74.

“The MOEX Russia Index and the RTS remained in a steady plus by the end of trading and accelerated their growth along with foreign stock exchanges,” Veles Capital analyst Yelena Kozhukhova said.

The foreign background was positive. Trading in the U.S. started with growth of three main indices, which were adding around 2.2% by the end of the Russian session. Positive moods were seen on European floors.

The nearest futures for Brent and WTI oil were adding around 0.5% by the end of trading in Russia.

Internet giant Yandex was among growth leaders, adding 5.13%. Global depositary receipts of TCS Group rose 5.57%, and diamond giant ALROSA grew 4.52% on reports about planned redemption of U.S. $494 million Eurobonds.

Steelmaker Severstal fell 3%, and steel producer Novolipetsk Steel (NLMK) decreased 2.49%.

Below are the MOEX Russia Index’s five most active stocks on Thursday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Sberbank	+4.01	217.58	30.685
Gazprom	+2.17	164.59	10.948
Yandex	+5.13	4826.40	6.387
Lukoil	+2.15	4343.50	5.469
Norilsk Nickel	+1.23	19752.00	4.810

(80.0006 rubles – U.S. $1)

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